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I have exacly the same problem. Rank page 1, position 2 but no
traffic at all ! My keyword has 1300 exact montly search. Shouldnt we
rely on keyword tool at all? Where are we going to get our data ? This is really annoying !

An other thing came to my mind is that I rank for Google.co.uk (The web)
but not for Google.co.uk (pages from uk). Does people care and change it to the (pages from uk), so that I dont get any clicks? Even 1 click ! So weird ! I will go crazy !